Aaron’s Stock Rating Lowered by KeyCorp (AAN)
Aaron’s (NYSE:AAN) was downgraded by stock analysts at KeyCorp from a “buy” rating to a “hold” rating in a report issued on Friday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of Aaron’s from $25.00 to $27.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at Zacks downgraded shares of Aaron’s from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, January 16th. They now have a $25.40 price target on the stock. Finally, analysts at Zacks upgraded shares of Aaron’s from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 4th. They now have a $29.30 price target on the stock.
Aaron’s (NYSE:AAN) traded up 3.51% on Friday, hitting $28.00. The stock had a trading volume of 10,049,643 shares. Aaron’s has a 1-year low of $24.61 and a 1-year high of $32.53. The stock has a 50-day moving average of $28.00 and a 200-day moving average of $28.23. The company has a market cap of $2.136 billion and a P/E ratio of 15.38.
Aaron’s (NYSE:AAN) last announced its earnings results on Friday, February 7th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.19. The company had revenue of $553.90 million for the quarter, compared to the consensus estimate of $557.44 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was down 2.6% on a year-over-year basis.
Aaron’s, Inc (NYSE:AAN) is a specialty retailer of consumer electronics, computers, residential furniture, household appliances and accessories.
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